Investors are returning to a popular industrial ETF, and there are reasons to believe that more upside is ahead.
Commonly referred to as just the "Dow," the Dow 30 was created by Wall Street Journal editor Charles Dow and got its name from Dow and his business partner Edward Jones. The index was developed as a simple means of tracking U.S. market performance in an age when information flow was often limited.
Companies with the strongest balance sheets often have little or no debt and a significant cash flow.
Look for capital to rotate out of the Dow's first-quarter winners into less overbought plays that show greater upside potential.
3M broke out above 2015 resistance in 2016 and has now tested new support successfully, setting up ideal conditions for a multiyear trend advance.
Just 5 stocks—United Healthcare, 3M, Chevron, Caterpillar and IBM—are responsible for 81% of the gain in the Dow Jones Industrial Average so far this year, which is up around 2.5% YTD.
3M Co. (MMM) sales were flat in the third quarter of 2016.
3M Co has launched an encounter-based professional fee coding solution.
3M Co. (MMM) and Verily Life Sciences will produce a joint technology platform for managing clinical and financial performance.
The 3M Co. (MMM) oral care business segment has announced the 3M Mobile True Definition Scanner.